Whats the difference between Quantitive easying nad the credit boom

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xoggoth replied

23 February 2009, 11:40
Since currency no longer has to represent real value in any shape or form I have started to forge my own notes. I am doing a service to the nation by preventing deflation.
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Mich the Tester replied

23 February 2009, 11:30
Originally posted by Bagpuss View Post

So what is the difference?

Not much.
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Bagpuss started a topic Whats the difference between Quantitive easying nad the credit boom

23 February 2009, 10:59
Whats the difference between Quantitive easying nad the credit boom

It seems to me quantitive easing is in effect no different to the stupid credit boom we have just been through.

The boom created immaginary wealth and devalued real money. Borrowed money was competing against those with 'real' cash thus artificially raising goods/services/assets e.g. house prices.

So what is the difference?
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